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Home » News » Financial News


Financial News

VTTI Energy Partners unitholders approve merger with VTTI B.V.
13 Sep 2017 11:42 GMT
Merger is expected to close on Friday, September 15.

Seadrill outlines restructuring plan following Chapter 11 filing
13 Sep 2017 07:44 GMT
Plan extends and re-profiles secured bank debt, reduces leverage and delivers $1.06 billion of new capital.

Malaysian supplier expects 90% of future business to come from bunkering
11 Sep 2017 10:56 GMT
New MD of Straits Inter Logistics says 'the contribution from bunkering will significantly increase'.

Hellenic Petroleum reports rise in bunker sales demand
01 Sep 2017 09:39 GMT
Greek refiner recorded an increase in bunker sector sales in Q2 and H1.

Moore Stephens warns of exposure to changing risk landscape
01 Sep 2017 00:06 GMT
Shipping survey suggests management of risk has improved slightly over the last 12 months.

Marine fuel supplier Nakhodka-Portbunker forced into liquidation: source
29 Aug 2017 09:41 GMT
Gazprombank and Rosbank are said to have pushed for liquidation after the Russian bunker firm racked up huge debts.

Quadrise 'knows of no specific reason' for share price drop following rally
25 Aug 2017 14:39 GMT
Share value falls more than 20% on Friday, but is still up almost 50% since the start of the week.

Grindrod to decide on separate shipping listing by end of 2017
24 Aug 2017 10:37 GMT
Board 'does not believe that the value of the Shipping business is fairly reflected in the Grindrod share price'.

Cockett posts H1 loss, Grindrod records 33% fall in marine fuel profit
24 Aug 2017 09:16 GMT
Decline in shipping division bunker profit seen despite 49% jump in revenue.

Odfjell posts net loss as bunker costs rise YoY and fall sequentially
24 Aug 2017 06:38 GMT
Norwegian firm expects H2 results to be 'largely in line' with H1.

This is why Maersk Oil Trading is not part of the Maersk Oil sale to Total
21 Aug 2017 10:55 GMT
Maersk Oil Trading's transactions are reported as unallocated activities within Transport & Logistics.

Rosneft closes 49% acquisition of Essar Oil
21 Aug 2017 08:57 GMT
Trafigura and UCP also close their acquisition of a 49.13% share in the firm.

Vopak aims to strengthen LNG presence as division posts H1 growth
18 Aug 2017 10:53 GMT
LNG and Americas divisions both achieve boost in operating profit.

Viking Line expects 2017 bunker bill to rise as H1 fuel costs jump 23.3%
17 Aug 2017 13:46 GMT
Ferry operator says higher expected bunker prices in 2017 'should have an adverse effect on consolidated income'.

DFDS expects bunker surcharges to push 2017 revenue up 1%
17 Aug 2017 12:02 GMT
CEO says group is on track to improve on last year's record result.

Norden to continue fuel efficiency drive after 2017
17 Aug 2017 09:13 GMT
Cost-cutting initiative said to be 'on track' as company achieves annual savings of $18.1 million.

Grindrod expects H1 loss to be an improvement on last year
16 Aug 2017 14:16 GMT
Shipping division, which includes bunker firms Cockett and Unicorn, recovered to above cash breakeven.

Containerships targets improved profitability via bunker-saving initiatives
16 Aug 2017 12:55 GMT
Earnings 'particularly affected' by higher marine fuel costs.

Aegean posts profit drop as 'sales margins remain under pressure'
11 Aug 2017 00:02 GMT
Sales volume rose by 9.3% and 7.5% in Q2 and H1 respectively.

NCL posts 36% Q2 profit growth as bunker costs rise $6.1 million
10 Aug 2017 13:20 GMT
Q2 and H1 fuel expenses increased by 7.5% and 8.2% respectively.





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